The US dollar (USD) is consolidating. The feeling of the global market is still weak, after the strong losses of the US USA market yesterday. Asian and European actions are down and the futures of US shares are slightly mixed, says Shaun Osborne, Head of Strategy of Scotiabank FX.
USD is consolidated, helped by the most stable treasurys
“The global bonds are weaker, but the US treasurys have stabilized and the slight higher performance is providing a support for the USD so far. The 20 -year bond auction yesterday was weak. The auction had a tail and the details showed that the coverage ratio and the interest of supply ‘indirect USA. – They were a bit compared to the last auction.
“With the investor approach to the US fiscal policy, intensifying in the middle of the US budgetary negotiations, the performance of the US Treasury bonds will probably continue to influence the USD and the appetite for the risk. Investors may be resigned to the fact that there is unlikely to some tax consolidation in the predictable future. USA can weigh on the appetite for risk but not provide much support to the USD. USA “
“Until now in the day, the JPY and the TWD are moderately those who pay the most Trump
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
